ETH Daily Chart
According to the 1 day chart, ETH has yet to close below the .618 fib level. **
This indicates that there is still major support at $200, and with the current downtrend this level will likely be tested again.
As long as the $200 level is held, prices will probably fluctuate into the mid $220's until the downward trend is broken.
If the $200 level is broken, we will likely see another fall all the way to the $145 level.
This is still a bearish market, therefore I have indicated a good area to short IF the current level is broken.
Use your indicators wisely and leave emotions out of the game.
Thanks and good luck to all!
**This was tested all the was down to the 1 hour charts. As of 10:43 EST the $200 level has not broken
This indicates that there is still major support at $200, and with the current downtrend this level will likely be tested again.
As long as the $200 level is held, prices will probably fluctuate into the mid $220's until the downward trend is broken.
If the $200 level is broken, we will likely see another fall all the way to the $145 level.
This is still a bearish market, therefore I have indicated a good area to short IF the current level is broken.
Use your indicators wisely and leave emotions out of the game.
Thanks and good luck to all!
**This was tested all the was down to the 1 hour charts. As of 10:43 EST the $200 level has not broken
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.